Part 12Real Estate Investment Trusts
Chapter 8Breach of conditions in Chapter 2
563Breach of conditions as to property rental business
1
Subsection (2) applies if condition A or B in section 529 (property rental business) is not met in the case of a UK REIT throughout an accounting period of—
a
in the case of a group UK REIT, the principal company of the group, and
b
in the case of a company UK REIT, the company.
2
The breach is to be ignored.